Japan’s crypto industry to launch “stablecoin self-regulation”

Odaily News Japan’s largest alliance of cryptocurrency exchanges and blockchain companies announced that they will begin “self-regulation” of stablecoins. The organization is called the Japan Virtual Currency Exchange Association (JVCEA). The association already regulates the cryptocurrency exchange industry in Japan and is responsible for dealing with issues such as token listing agreements. The role of the association has been formally established by Japan’s top financial regulator, the Financial Services Agency (FSA).